Reliance Industries Ltd. is speeding up plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised to be India's largest-ever initial public offering.
Jio Platforms is in the final stages of preparing its draft red herring prospectus, with an aim to file the paperwork with the Securities and Exchange Board of India within the next two to three weeks, Bloomberg New and Mint reported on Wednesday.
The Jio IPO filing will include the company's December-end financials, setting the stage for a highly anticipated listing later this year, according to people familiar with the matter.
The Jio IPO would mark the first listing from the Reliance Industries stable in nearly two decades.
